Barclays PLC (BCS) Lifted to “Hold” at Vetr Inc.
Vetr upgraded shares of Barclays PLC (NYSE:BCS) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning. Vetr currently has $8.22 target price on the financial services provider’s stock.
Several other research analysts have also recently weighed in on BCS. Deutsche Bank AG reiterated a neutral rating on shares of Barclays PLC in a report on Thursday, June 16th. BNP Paribas cut shares of Barclays PLC from an outperform rating to a neutral rating in a report on Monday, June 27th. Jefferies Group cut shares of Barclays PLC from a buy rating to an underperform rating and set a $115.00 price target for the company. in a report on Monday, June 27th. JPMorgan Chase & Co. cut shares of Barclays PLC from an overweight rating to a neutral rating in a report on Monday, June 27th. Finally, Bank of America Corp. cut shares of Barclays PLC from a buy rating to a neutral rating in a report on Monday, June 27th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $35.71.
Barclays PLC (NYSE:BCS) opened at 8.16 on Tuesday. The company has a 50-day moving average of $8.79 and a 200 day moving average of $8.96. Barclays PLC has a one year low of $6.76 and a one year high of $15.81. The company’s market cap is $28.21 billion.
The business also recently disclosed a dividend, which was paid on Monday, September 19th. Stockholders of record on Friday, August 12th were given a $0.052 dividend. The ex-dividend date of this dividend was Wednesday, August 10th. Barclays PLC’s payout ratio is presently -31.25%.
Several institutional investors have recently modified their holdings of BCS. Raymond James Trust N.A. raised its position in shares of Barclays PLC by 29.0% in the second quarter. Raymond James Trust N.A. now owns 19,519 shares of the financial services provider’s stock valued at $149,000 after buying an additional 4,393 shares during the last quarter. Orbitronix LP acquired a new position in Barclays PLC during the first quarter valued at approximately $272,000. Natixis acquired a new position in Barclays PLC during the first quarter valued at approximately $480,000. Renaissance Technologies LLC acquired a new position in Barclays PLC during the first quarter valued at approximately $30,217,000. Finally, HBK Investments L P increased its position in Barclays PLC by 346.8% in the first quarter. HBK Investments L P now owns 357,900 shares of the financial services provider’s stock valued at $3,085,000 after buying an additional 277,800 shares during the period. 2.95% of the stock is currently owned by institutional investors.
Barclays PLC Company Profile
Barclays PLC is a global financial services holding company. The Company is engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. The Company’s segments include Barclays UK and Barclays Corporate & International. The Barclays UK segment incorporates the UK Personal, small UK Corporate and UK Wealth businesses, and the Barclaycard UK consumer credit cards business.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for Barclays PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barclays PLC and related companies with MarketBeat.com's FREE daily email newsletter.